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College and University Discussion
Reply to "Affording College with HHI $100-$200k"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Are families with HHI $100-200k still considered donut hole families or are they eligible for more FA these days? What's the most prudent plan for affording college? Instate? Merit? Other? [/quote] The most prudent plan has the numbers 5, 2 and 9 in it. And/Or the letters R, O, T, H. Prudent parents in this income group begin saving for college when their children are babies and make up any gap with cash flow or loans. No one who is prudent in this income group is trying to cash-flow it. Because it’s just too much if you don’t have at least a baseline of savings. [/quote] Correct. I am a single parent who began saving for my kid when she was 7. Then I could only afford $50 a month. But that grew with my salary. I am happy to say that she graduated from college last year with no debt.[/quote]
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